Price quotes of 98.5-percent lysine were higher in the range of RMB8.40-8.50/kg. Average price rose by RMB0.08/kg to RMB8.48/kg.

Price quotes of 70-percent lysine were at RMB4.70-5/kg.

For imported 98.5-percent lysine, transacted prices increased to the range of RMB10.40-10.65/kg.

Weekly transacted prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of Jul 10(RMB/kg)

Price as of Jul 13(RMB/kg)

Price change(RMB/kg)

Guangdong

Guangzhou

8.50

8.50

0.00

Sichuan

Chengdu

8.50

8.50

0.00

Shandong

Jinan

8.40

8.20

0.20

Henan

Zhengzhou

8.50

8.20

0.30

Liaoning

Shenyang

8.50

8.50

0.00

-

Beijing

8.50

8.50

0.00

-

Average

8.48

8.40

0.08

Weekly prices of imported lysine in China (RMB/kg)

Provinces

City/Municipality

Price as of Jul 10(RMB/kg)

Price as of Jul 13(RMB/kg)

Price change(RMB/kg)

Guangdong

Guangzhou

10.60

10.60

0.00

Sichuan

Chengdu

10.40

10.40

0.00

Shandong

Jinan

10.60

10.40

0.20

Henan

Zhengzhou

10.90

10.60

0.30

Liaoning

Shenyang

10.40

10.40

0.00

-

Beijing

10.65

10.65

0.00

-

Average

10.59

10.51

0.08

Prices are for reference only.RMB1=US$0.1478 (Jul 17)

Market analysis

As corn costs continued to rise at a steady pace, lysine producers lifted prices amid mounting production expenses. Stable demand lent support to the price hike as buyers placed orders before producers halt operation for maintenance schedule in the coming period.

In Europe, price quotes for Q3 deliveries stayed in the range of EUR1.30-1.35/kg.

Market forecast

Corn market is expected to remain firm, prompting lysine producers to hold up prices. Moreover, supplies of lysine are traditionally tight during summer as producers schedule for plant maintenance.

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